Empire EVP and CFO Matt Reindel to retire
Empire Company Ltd. executive vice president and chief financial officer Matt Reindel is retiring from the grocery retailer.
He will be succeeded in May by Constantine (Costa) Pefanis, who most recently served as chief financial officer of Green Infrastructure Partners (GIP Inc.)
Reindel will stay on for the next several months until the transition is complete.
"Matt has been an incredible partner since joining Empire in 2019 and becoming CFO in 2021," said Michael Medline, president and CEO, in a release. "He played a critical role in helping drive Empire's turnaround while also navigating the challenges brought on by the pandemic as well as a period of high inflation and interest rates. He has been instrumental in building the foundation for our ongoing success."
Pefanis began his career with Arthur Anderson in its advisory practice, before joining Leon's Furniture Limited (LFL Group) where he held progressively senior finance roles, including as CFO, over a 19-year career.
“[Pefanis] is an experienced, immensely capable and intensely goal-oriented leader who will play a critical role in helping drive Empire's results in the years to come,” Medline said.
Empire reported earnings of $146.1 million for its third quarter of fiscal 2025 today (March 13), up from $134.2 million last year.
